4, MILES BANK, SPALDING, PE11 3EZ - £402,000

Based on the September 2024 Price Paid Data (released on 28th October 2024), the August 2024 House Price Index (released on 16th October 2024), and the September 2024 Energy Performance of Buildings Data (released on 31st October 2024). Sources

4 MILES BANK is a very large extended detached house of 185m², built sometime between 1991 and 1995. It was last sold for £402,000 in December 2017, which was around 75% above the average December 2017 detached price in the South Holland local authority area. The most recent EPC inspection was August 2017, where the current energy rating was D, and the potential energy rating was C.

4 MILES BANK Sold Prices

Land registry data shows two sales for 4 MILES BANK since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the South Holland local authority area for the corresponding sale date. Both of the two 4 MILES BANK sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 1 DEC	£402,000	£229,374	75% above HPI
1995 24 FEB	£115,850	£51,323	126% above HPI

4 MILES BANK Price Paid vs. HPI Average

The below graph shows the average detached house price in the South Holland local authority area over time, sourced from the HPI. The two 4 MILES BANK sales from February 1995 and December 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the February 1995 sale was for 126% above the HPI. So the extrapolation line tracks at 126% above the HPI over time, until the December 2017 sale, where it falls to 75% above the HPI. The line then continues to track at 75% above the HPI.

How Large is 4 MILES BANK?

4 MILES BANK is 185m², which includes one extension, according to the EPC inspection conducted in August 2017. This puts it in the largest 10% of detached houses in Spalding, based on EPC data. The below chart shows the distribution of detached houses by size in Spalding, and where 4 MILES BANK lies on this distribution: 93% of detached houses are smaller than 4 MILES BANK, and 7% of houses are larger. Note that EPC data is not available for all properties in Spalding.

4 MILES BANK: Plot and Title Map

4 MILES BANK sits on a plot of roughly 0.165 of an acre, or 666m². The below map shows the location of 4 MILES BANK, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 4 MILES BANK). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 4 MILES BANK?

4 MILES BANK is located in SPALDING, in the PE11 postcode district. The below map shows the position of No. 4 on MILES BANK.